Burner Management Systems (BMS) Market: Electric Burners to Gain Preference over Oil-Based Variants by 2024

Albany, NY -- (SBWIRE) -- 04/17/2017 -- The top 10 players in the global burner management systems (BMS) market contributed around 45% in 2015, indicating at the highly fragmented nature of this market. ABB Ltd., Siemens AG, Alstom, and Honeywell International are among the leading companies that have established a strong foothold in the global burner management systems market. Transparency Market Research has noted that the presence of a large number of local and global BMS manufacturers has compelled vendors to offer a wide range of systems at affordable prices. New product development is one of the major strategies adopted by key players to remain competitive in the market.